Wal-Mart Comparable Store Sales vs. Sales Per Square Foot
The chart here comes from:
1. Comparable Stores Sales data provided by Wal-Mart and
2. Sales Per Square Foot data that I derived from dividing all U.S. sales by the total square footage of U.S. retailing space. (Wal-Mart reports these figures separately in its 10K filings.)
Obviously Wal-Mart analysts have all been aflutter about the Comp Store Sales figures (the blue line). They are freaking out about the downward trend from 1999.
I don't know, I'm kind of impressed with the steadily rising Sales per Square Foot figures (the red line). The Sales per Square foot figure includes both new and old square footage and up to date sales, so it's not a comp stores sales derivative. As such it is less volatile than the Comp Stores Sales percentages.